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Business

Report raises growth outlook

KUWAIT CITY, June 30: The Capital Economics revised its forecast for the GDP growth of the Kuwaiti economy down from 11.5% to 9.8% for the …

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KBR submits ‘lowest’ bids for consultancy deal at KD 69.6m

KUWAIT CITY, June 29: MEED magazine reported that the American company KBR has submitted the lowest offers for a management consultancy contract for large projects …

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Discussions on contract for major oil project to resume

KUWAIT CITY, June 28: According to a report issued by the MEED magazine, the Kuwait Oil Company (KOC) requested the Central Agency for Public Tenders …

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Audit Bureau faults Municipality for failing to collect ‘114.5 million dinars’ in due fees

KUWAIT CITY, June 28: The Audit Bureau revealed the continuation of observations that marred the encroachments of companies on state lands, despite the Kuwait Municipality’s …

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Korea Trade-Investment Promotion agency succeeds to conduct meetings in Hwasung City Cyber Trade Delegation

KOTRA Kuwait, The Commercial Section of The Embassy of The Republic of Korea has been succeeded to conduct 83 Meetings in Hwasung City Cyber Trade …

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Apple Pay soon in Kuwait

KUWAIT CITY, June 27: The Ministry of Finance and representatives of Apple have set the guidelines for launching the Apple Pay service which is soon …

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Listing banks’ shares stimulates, balances Boursa Kuwait

Capital of banking sector worth over KD 4.5 billion KUWAIT CITY, June 27: The listing of regular and Islamic banks shares in Boursa Kuwait, the …

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Capital Market Authority okays KIPCO-Gurain merger

KUWAIT CITY, June 26: Kuwait Capital Market Authority has approved the merger between KIPCO, Kuwait Projects Company (Holding), and Gurain Petrochemical Industries Company (QPIC). KIPCO …

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Banks prefer Kuwaitis, even if they are paid higher salary

Average percentage of national employment rises KUWAIT CITY, June 26: For some time now, banks have been witnessing a silent struggle to attract national labor, …

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Kuwait ‘Reserve’ up by 46%

KUWAIT CITY, June 26: The liquidity level of the public treasury is finally boosted by the oil revenues, to the extent that the officials of …

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